Albemarle (ALB - Get Report), a supplier of flame retardants, said Friday it will raise prices for the specialty alumina products Martoxid and Compalox, and three other aluminum trihydrate-based products for the paper and board industry, by up to 15%. The price increase is effective Oct. 1, or as contracts allow.The new prices will remain effective for a maximum period of three months, given the extreme volatility in raw materials and energy costs, the company said. The company said the price increases are needed to support ongoing investment in new, improved products and capacity expansions, and to allow the company to maintain a high standard of technical support and service to its customers, the Richmond, Va.-based company said.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Stocks
Pinterest, Zoom Surge on Debuts, but Can They Avoid Lyft's Fate?
The economics of both firms are attractive, but their valuations are very high, as is typical for tech new issues.
Pinterest and Zoom Are Off to the Races, but Now Comes the Tough Part
The two tech unicorns popped on their first day of trading, but the performance of Lyft since its own initial day of trading serves as a cautionary tale.
Stocks End Up on Strong Retail Sales Report and Mostly Positive Earnings
Stocks rise Thursday on a strong U.S. retail sales report and mostly better-than-expected earnings.
Bears Suffer Another Setback Heading Into the Heart of Earnings Season
With a friendly Fed, a tight labor market and data like March retail sales, the chances for upside surprises are good.
Penny Stock Zoom Technologies Soars 50,000% in Apparent Mistaken Identity
Investors seem to have confused Zoom Technologies, which has all of ten employees, with Zoom Video Communications, a fast-growing videoconferencing company that just had a very successful IPO.